General Betting
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I'm not the brightest when it comes to Excel, so was wondering if someone could help?
What's the formula for matching Lay odds into Back odds?
For example, if I'm laying £10 @ 1.1 to win £100, the equivelent is backing £10 @ 11.
Is there any easy formula to automatically calculate it?
Thanks.
What's the formula for matching Lay odds into Back odds?
For example, if I'm laying £10 @ 1.1 to win £100, the equivelent is backing £10 @ 11.
Is there any easy formula to automatically calculate it?
Thanks.
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TRFC,
The formula is 1/(N-1)+1 (N= Lay Odds)
So 1/(1.1 -1)+1 = 11
The formula is 1/(N-1)+1 (N= Lay Odds)
So 1/(1.1 -1)+1 = 11
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